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Author Question: If the demand for a good is perfectly elastic, then the demand curve is horizontal. Indicate ... (Read 64 times)

crazycityslicker

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  • Posts: 537
on: Jun 29, 2018
If the demand for a good is perfectly elastic, then the demand curve is horizontal.
 
  Indicate whether the statement is true or false

Question 2

If a life insurance company offers coverage regardless of age, health status, or smoking history, it is likely to suffer
 
  A) moral hazard problems.
  B) adverse selection problems.
  C) lower costs.
  D) low demand for its product.


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heyhey123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


crazycityslicker

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

amit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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